Asked by John  |  Submitted November 06, 2017

How much do the payments increase for a 15 year vs a 30 year mortgage?

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  Answers  |  1

November 07, 2017

John - this really depends on the loan amount. (eg. using a $200K loan amount and a 4% rate for 30 year fixed - the principle and interest payment = $955 and using a 15 year fixed at 3.5% rate - the principle and interest payment =1430) I hope this helps.

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